Abra introduces first crypto rewards card on American Express network

Payments and Banking • June 11, 2022, 3:31AM EDT
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Abra, a digital asset financial services company, on Friday introduced the first credit card on the American Express network that will transact in US dollars and offer crypto rewards back on purchases.

Crypto rewards will be tradable in more than 100 different cryptocurrencies supported by Abra, with no annual or foreign transaction fees, the company said in a news release.

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The Abra Crypto Card will also offer benefits from the American Express Network, including offers for shopping, travel, dining and entertainment among others.

Bill Barhydt, founder and CEO of Abra, said: “Our partnership with American Express will now make it even easier to access and earn crypto. … This is the future of payments.”

The Abra Crypto Card is expected to be available in late 2022.

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Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.

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